Dollar inches lower on strong eurozone, U.K. data The dollar inches lower against key rivals Tuesday after strong data out of Europe and the U.K. implies that economic growth in the rest of the world is beginning to catch up to the U.S.

Ukraine looks ready to default The continuing conflict in the country is raising doubts about whether or not its government will last, and what collateral damage to Europe may take place, making it an area for investors to be wary of.

Austria sells bonds at negative yield Finnish, German and Swedish auctions have seen negative yields ahead of ECB bond-buying program Austria joins a handful of European countries that have sold five-year government bonds at a negative yield at an auction.

Swiss GDP growth steady in the fourth quarter ZURICH--Switzerland's economic growth was steady in the fourth quarter, underpinned by robust private and public spending, data released Tuesday showed. Gross domestic product in the three months through December rose 0.6% from the previous quarter and 1.9% on the year, the State Secretariat for Economic Affairs said.

Paddy Power 2014 profit up; proposes cash return LONDON--Paddy Power PLC (PLS.DB) Tuesday proposed an additional cash return to shareholders as it posted a rise in 2014 profit, mainly due to a strong performance during the period. The betting and gaming firm recorded a 21% rise in pretax profit to 167 million euros ($189.5 million) during the full year ended Dec.

Surprise China rate cut pushes dollar higher The dollar shrugs off a slate of weak economic data Monday to trade higher against the euro, yen and pound, benefiting from a surprise rate cut from the People’s Bank of China.

European stocks retreat from multiyear highs European stocks turn lower Monday, with the region’s benchmark pulling away from record highs, as well as gains that had followed encouraging economic data for the lackluster eurozone economy.

The deflation bogeyman The cure for falling prices is worse than the disease Central banks are obsessed with the bogeyman of deflation, but their cure is worse than the disease, writes Martin Feldstein.

ECB will need more creative accounting to deal with Greece Politicians want Greece to remain in eurozone, so the central bank must bend a little The European Central Bank will have to carry out more creative accounting to meet Greece’s need to renegotiate its debts.

Eurozone in talks on third Greek bailout, says Spain: report NEW YORK (MarketWatch) -- Eurozone countries are in talks over a third bailout package for Greece, Spain Economy Minister Luis de Guindos said Monday, according to Reuters. The package would be worth between 30 billion to 50 billion euros ($34 billion to $56 billion) and would give Greece more flexible conditions, he said Monday at an event in Pamplona, according to . Greece's eurozone creditors in February agreed to a four-month extension of the country's existing bailout program after a multi-week standoff.

Eurozone talking about third bailout deal for Greece: reports LONDON (MarketWatch) -- Eurozone countries are discussing the possibility of a third bailout deal for Greece, said Spain's Economy Minister Luis de Guindos, according to news reports Monday. The package may be worth about 30 billion euros to 50 billion euros ($33.7 billion to $56.1 billion), Guindos said at an event in Pamplona, Spain, Reuters reported. Spain may put up 13% to 14% of a third package, Guindos said, according to Dow Jones Newswires.

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